Which is the correct order of the steps in the accounting cycle during the accounting period?

Question

Quizplus · Accepted Answer

The correct order of the steps in the accounting cycle during the accounting period is transaction analysis, journal entries, and posting to the accounts. Adjusting the accounts happens at the end of the accounting period, after the trial balance is prepared. Therefore, option D is not correct. Option A is incorrect because posting to the accounts should come after journal entries. Option B is incorrect because posting to the accounts should come after journal entries, and it is missing the step of preparing a trial balance.

Which Is the Correct Order of the Steps in the Accounting